Pensioners have been agitating for over 7-8 years for an increase...
Category:
Eco/Invest/Demography
Latest
Investors become poorer by Rs 12 lakh cr in three days of market fall
"Consolidation may persist in the near term, yet investors are...
Los Angeles fire to cause about $20 billion of insured losses, unlikely to trigger major losses for cat bonds
The fires sweeping across Los Angeles are now on track to cause...
Reinsurance price rise slowing due to strong capital supply and recovering profitability: Fitch
Fitch expects the sector’s combined ratio, normalised for large losses, to improve by 2pp–3pp in 2021 and another 1pp–2pp in 2022 as price increases gradually feed into underwriting margins.
However, price rises are slowing due to strong capital supply and recovering profitability, and we expect risk-adjusted prices to remain largely unchanged in 2022.
From locusts to cyclones: the human cost of interlinked disasters
The huge locust swarm which hit the Horn of Africa in the Spring of 2020, and Cyclone Amphan, which struck the border region of India and Bangladesh in May that year, might not seem, on the face of it, to be connected, but a report released on Wednesday by UN University, the academic and research arm of the UN, shows that there were connected underlying causes: greenhouse gas emissions from human activity, which are affecting the environment in unpredictable ways, and a lack of sufficient disaster risk management.
Govt considering foreign institutional investment of up to 20% in LIC IPO: Report
The listing of LIC is set to be India’s biggest ever IPO, with the government aiming to raise up to Rs. 900 billion ($12.24 billion) from its stake sale.
The move will help ease the fund-raising process for the IPO planned by the government for the company most likely in the current financial year. The IPO is expected to be offered in two parts to investors given concerns over the Indian stock market’s ability to absorb an offering of such a size.
India to post strong GDP growth in coming quarters: S&P
”The second wave of the pandemic has been pretty costly to economic activity. Households have been affected …. households are going to be repairing their balance sheets and withholding from spending which means activity will remain below trend once the recovery gets underway”.
India Inc resorted to salary cuts in Q1, will be drag on economic recovery: Report
The “weak” wage growth will prove to be a drag on the overall economic recovery in the medium term as it will affect household consumption, the report by India Ratings and Research said.
An environment of pandemic-led uncertainty and elevated inflation could impact the level of spending and hence the overall demand. Resuscitating wages will be critical for a revival of the overall economy and Capex cycle, which has been languishing even before the COVID-19 outbreak, it said., it said.
In a world first, Cuba to give Covid jabs to anyone over 2
Several other countries in the world are vaccinating children from the age of 12, and some are conducting trials in younger kids. Countries such as China, the UAE and Venezuela have announced they plan to vaccinate younger children, but Cuba is the first to do so. Chile on Monday approved the Sinovac vaccines for kids between six and 12.
‘It’s connected to you’: Shared causes fuel surge in disasters
From Arctic heat and wildfires to Texas cold-weather power outages and Amazon deforestation, threats around the world that may seem unrelated are increasingly compounding each other, United Nations researchers said in a report released Wednesday.
The underlying causes of the rising risks – from climate change to lack of cooperation among governments and ignoring the value of nature in economic decision-making – are common across many of them, researchers said.
Cognizant inks $95 mn deal with US shareholders over India bribery charges
Shareholders accused Cognizant of failing to disclose payments made to obtain permits for facilities in “special economic zones,” including its Indian headquarters in Chennai, where it could enjoy tax and other benefits.
‘Everyone is scared’: Govt’s criticism of Infosys, Tata worries India Inc
In India, safeguarding domestic businesses has been Modi’s priority. While government or RSS criticism of foreign businesses like Amazon and Monsanto is common, local businesses are rarely caught in the crossfire.
But the latest events have raised concerns among business leaders about whether Modi is now taking a hardline approach towards domestic giants as well, five industry sources said.
One venture-capital executive said the criticism was akin to “harassment” of businesses and risks souring investor sentiment.
HDI Global first partnership on autonomous vehicle segment
Meryem Seyyar, Head of Digital Solutions commented: “This is the perfect time for HDI Global to take a lead and increase its support for the development of the Autonomous Vehicle & Systems ecosystem. AV’s will undoubtedly be a significant part of everyone’s future and the sooner we can establish our expertise and process within the space, the better we will be able to serve our partners moving forward.”